What direction will the market take?

Last week I posted an observation for the potential of megaphone patterns forming on the Dow, NAS, SP500. I was reading an article below and it appears another has taken notice too.

The S&P 500 is forming a bearish "megaphone pattern" with market peaks from 2000 and 2007 presenting price resistance, according to Harry Dent, founder of HS Dent, a stock market and economic research firm in Tampa, Fla.http://news.investors.com/investing-...=yahoocp,yahoo

I'm curious where you stand. Do you think we are going to continue to set record highs, are due for a correction, or trade sideways?

Morning Spoons... I am all over the place with this question. The market is sure acting squirrely and the volume tells me to expect a correction. The other side tells me that nothing has changed. The fed's policy is about cheap cheap money. If this continues like it is, where else are investors going earn a return on their money... the answer is securities, more specifically dividends. If we are gonna go higher, i would really like to see a correction first. This probably doesn't answer your question but it helped me think out loud. Thanks for posting this over the weekend Spoons!

I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT

I often wondered why no one started a weekend thread. I do a lot of reading over the weekend and would love to share some links. Maybe we can post some here. Thanks man!

I know it is unlikely many folks will visit this thread over the weekend, but I have the following to say with regard to weekend threads, as follows.

I'm not one to necessarily boast about other sites, but one thing I liked about SWP (refugees from there know where I mean) was the practice of using the Friday thread as a place to remark through the weekend. Seemed to work fine over there; let's continue that practice over here and not be bothered with starting a weekend thread for typically low volume of posts.

My only thoughts are longterm. The way Zuck puts his longterm vision for the company before making shareholders happy is something I admire. I also like how they continually invest in the best talent they can buy. I like picking up shares under $25 and holding them long.